I'm interested primarily in utilizing a buy and hold strategy with multiplex properties (MFR). 

We have been utilizing the BRRRR strategy for a few years with good success.

Another article https://www.presstelegram.com/2018/03/24/rent-cont...These pro-rent control people are portraying landlords and investors as Rent control will hurt people in the housing industry, hurt local communities, and stifle progress. 

@Morgan Van Ness - there are a lot of factors; location, condition, utilities, long term tenants, ectMy clients have rented 2 bedroom units from $800 - $1800sometimes you see properties with tenants for years and they don't raise rents.I have units with tenants for years that are good and I don't raise their rent

@Logan LarochelleUltimately, everything you report on the return can be questioned by the IRS...will they...Your role is to report an accurate return based on the tax laws provided to us.If the IRS questions anything you should say you are excluding the gain via section 121.Show them the closing documents on the day you purchased the home and the closing documents when you sold the home.Then to show that you lived in the home for 2 years - show them the receipts of utilities that are in your name.Likely they won't audit you - but in the chance that they do - you should at least have the documentation.

For example HOA, utilities, home insurance.

I was in that industry for a while. 

Multi-Family, Office, Industrial, Retail?

Experience from our first rental, rent will range from $1,100 to $1,200 plus utilities. 

I currently work in the life insurance industry and I am still shy but that is something I have to overcome.